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Bogdan [553]
3 years ago
12

It costs $1,200 to produce 50 pounds of a chemical and it costs $2,200 to produce 150 pounds. The chemical sells for $15 per pou

nd x is the amount of chemical; y is in dollars. a. Find the cost function. b. What is the fixed cost? c. How many pounds must be sold to break even? d. Find the cost and revenue at the break-even point.
Business
2 answers:
sashaice [31]3 years ago
8 0

Answer:

a.

C(y) = mx + b

y = cost in dollars

x = amount of chemical

m = per unit variable cost

b = fixed cost

b.

Use High low Method to calculate the Variable cost from the total cost given

Variable Cost = ( Highest activity cost - Lowest activity cost ) / ( Highest Number of Units - Lowest Number of Units )

Variable Cost = ( $2,200 - $1,200 ) / ( 150 - 50 )

Variable Cost = $1,000 / 100

Variable Cost = $10 per unit

Fixed Cost = $2,200 - ( 150 x $10 )

Fixed Cost = $2,200 - $1,500

Fixed Cost = $700

c.

Contribution Per Unit = Price - Variable cost

Contribution Per Unit = $15 - $10

Contribution Per Unit = $5

Break-even point = $700 / $5

Break-even point = 140 Pounds

d.

Revenue = 140 x $15 = $2,100

Cost = 140 x 10 = $1,400

ikadub [295]3 years ago
6 0

Answer:

See Attachment

Explanation:

All the requirements have been full filled in the excel sheet attached below

Download xlsx
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DaniilM [7]

Answer:

1. I feel like Pat's new strategy isn't ethical. Pat doesn't pay for the suits; he just buys them and then returns them. Pat benefits, but the store he gets the suits from doesn't. In fact, they are harmed from this transaction because they are unable to have the suit for others to buy while Pat has it. There could be consequences with this strategy. For example, the suit might be damaged, and Pat won't be able to return it. Another problem is that others might find out about Pat's strategy, and they might view them as unprofessional. This is a problem for Pat since the reason Pat wore those suits was to look professional.

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3. The companies should record that Pat had bought the suit only to return it the next day, so that they can act accordingly when Pat or someone else comes back to "buy" a suit.

Explanation:

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3 years ago
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sukhopar [10]

Answer:

b. incur the opportunity cost of ignoring the wishes of others.

Explanation:

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8 0
3 years ago
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ryzh [129]

Answer:

Quality of life.

Explanation:

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hammer [34]

Answer:

Race

Gender

Language

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Gender: equality between all genders in the workplace

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nikklg [1K]

Answer:

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